What term describes the right to redeem the property any time before the completion of a foreclosure?

Name: What term describes the right to redeem the property any time before the completion of a foreclosure?
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

Equity of redemption refers to the right of a mortgagor to redeem their property to prevent foreclosure by paying off the entire loan balance and any additional costs. This right exists up until the foreclosure sale is finalized.

What Term Describes the Right to Redeem the Property Any